By the late 1800s, soft coal miners earned a higher hourly wage than other industrial workers of similar skill levels. The mining wage is an example of
a. wage discrimination.
b. a monopsony market.
c. a compensating wage differential.
d. an efficiency wage.
c. a compensating wage differential.
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An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; reduces B. decrease; raises C. increase; reduces D. increase; raises
Which of the following would not shift the supply curve for halibut?
a. a reduction in the number of available fishing boats b. unusually stormy weather during fishing season c. the development of innovative new fishing equipment that makes it easier to catch halibut d. an increase in the price of halibut
Reducing class size will
A. improve student test scores. B. decrease student test scores. C. have no impact on student test scores. D. have an undetermined impact on test scores.
The United States ranks higher than Israel and Egypt on the 2017 Index of Economic Freedom.
Indicate whether the statement is true or false.